Manning & Napier Advisors LLC purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) in the second quarter, HoldingsChannel.com reports. The firm purchased 122,407 shares of the technology company’s stock, valued at approximately $7,704,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in SS&C Technologies by 8.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,237 shares of the technology company’s stock valued at $18,628,000 after purchasing an additional 16,278 shares during the last quarter. Kepler Cheuvreux Suisse SA grew its stake in SS&C Technologies by 29.4% during the 4th quarter. Kepler Cheuvreux Suisse SA now owns 121,773 shares of the technology company’s stock valued at $10,645,000 after purchasing an additional 27,686 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in SS&C Technologies by 122.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 41,976 shares of the technology company’s stock worth $3,670,000 after purchasing an additional 23,125 shares during the last quarter. Skylands Capital LLC raised its position in shares of SS&C Technologies by 71.6% in the 1st quarter. Skylands Capital LLC now owns 138,475 shares of the technology company’s stock valued at $9,357,000 after purchasing an additional 57,775 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new position in shares of SS&C Technologies in the 4th quarter valued at approximately $2,203,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on SSNC shares. Royal Bank Of Canada raised their price target on shares of SS&C Technologies from $89.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. DA Davidson reaffirmed a “buy” rating and issued a $96.00 price target on shares of SS&C Technologies in a report on Monday, July 27th. Jefferies Financial Group reduced their price objective on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Weiss Ratings upgraded SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Finally, JPMorgan Chase & Co. cut their price objective on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, SS&C Technologies has an average rating of “Moderate Buy” and an average price target of $91.25.
SS&C Technologies Price Performance
Shares of SSNC opened at $83.54 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $19.60 billion, a P/E ratio of 24.01 and a beta of 1.07. SS&C Technologies Holdings, Inc. has a 12 month low of $61.40 and a 12 month high of $90.81. The stock has a fifty day moving average price of $72.14 and a 200 day moving average price of $70.79.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.08. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 earnings per share. SS&C Technologies has set its FY 2026 guidance at 6.930-7.250 EPS and its Q3 2026 guidance at 1.730-1.790 EPS. On average, research analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current year.
SS&C Technologies Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.30 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 1.4%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s payout ratio is 31.03%.
SS&C Technologies Profile
SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.
SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.
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